Our foundation is deep, so it is not restrictive.
It has allowed us to expand our practice to benefit our clients’ strategic, technological, and business needs.
When someone starts a franchise location, they are the owner of that business. They’re just paying the licensing so that they can use the branding, products and marketing of the overall franchise. This is similar to a small business, but they don’t have to work on...
Considering your estate plan together can be emotionally-charged and complex. There are several components to consider. One of the primary goals of estate planning is to ensure your assets are distributed in the manner you intend after you die. This can be done...
Like every other business, success is not guaranteed with a franchise. You may run into unexpected hurdles or unforeseen challenges that can impact your ability to continue operating. Therefore, it makes sense for every franchisee to have an exit strategy. The...
Rhode Island is one of the minority of states that has an estate tax. That means high-value estates may be subject to this state estate tax in addition to the federal estate tax. The threshold increases each year. The estates of those who pass away this year have a...
If you want to be a business owner but you’re not interested in starting your own company from the ground up, one option is to become a franchise owner. You do have to pay for the proper license in order to run the franchise, but it gives you the ability to operate...
If you have a will, it is customary and very important to include what is known as a residuary clause, leaving any property not otherwise accounted for to a designated beneficiary or beneficiaries. After payment of your debts and taxes, and satisfaction of specific...
If you’re considering becoming a franchisee, you may have the opportunity to participate in a "Discovery Day" with a franchisor. Discovery Days are an opportunity to find out if a franchisor is the right fit for you before you enter into an agreement. To make the most...
In addition to the preparation and execution of a will and/or any associated trusts for the distribution and management of your financial estate after your death, estate planning provides an opportunity to address other concerns. If you are a parent of minor children,...
Many people have executed a will, trust(s), health care designation documents, and/or powers of attorney, and put them in a “safe place” for when they’re needed. It is best to review these documents periodically for general assessment, and additionally upon the...
Rhode Island is one of a minority of states that has an estate tax. That tax is in addition to the federal estate tax. For 2024, that tax kicks in only if an estate is valued at more $1,774,583, which is considerably lower than the current federal estate tax...
